Boris Au Yeung: DAOstack (GEN) now listed on Gatecoinhong-kong gatecoin-listings crypto-tokens blockchain
Why we chose to work with DAOStack?
DAO (Decentralized Autonomous Organizations) is a new form of human collaboration, made possible by blockchain technology. DAOs are extremely efficient in solving complex, impactful problems and thus are able to scale rapidly while maintaining agility and coherence. However, until now DAOs lacked specific critical components to be successfully deployed. The absence of a reliable and dependable decentralized governance system has prevented DAOs from being practical and feasible in the long run.
This is where DAOstack comes in. DAOstack is a blockchain based operating system that will bring DAOs to life through enabling the effective governance of self-organizing collectives. Ultimately, DAOStack will enable interoperability to organizations and companies, creating a new form of a virtual hub where contributors can collaborate around shared goals and values. Collaborations and business agreements can now be formed in fractions of the time and costs it took in the traditional model. To govern this system, DAOstack will provide a fully open source and modular governance framework with multiple product layers, from the solid backend to the user friendly frontend.
What are DAOStack(GEN) Tokens?
GEN is the native token of the DAOstack platform. Powering basic operations across the DAOstack ecosystem — such as promoting proposals and more generally attracting collective attention — will require the spending, staking or holding of GEN, thus continuing to contribute to its value. GEN tokens holder will have the right to vote on the development direction of the protocol itself.
GEN will also be distributed to contributors of value to the network (through the DAOstack framework itself), thus incentivizing wide engagement in development, promotion, early adoption and the freedom to experiment with an increasingly large number of governance protocols.
Who are the DAOStack team?
Matan Field / CEO & Architect — Leading expert in decentralized governance. Ph.D. in Physics from the Weizmann Institute researching effective string theories and holographic duality. DAO architect and blockchain entrepreneur since 2014.
Adam Levi / CTO — Deep Blockchain technologist. Ph.D. in physics from the Technion researching quantum effects in black holes. BSc in Electrical Engineering, specializing in communication and electro-optics. Former IDF radar engineer. A passionate explorer of the technical and game-theoretical aspects of the blockchain. Twenty-Two years writing code.
Roberto Klein / Legal and Finance — Experienced investor and entrepreneur with a focus on blockchain regulatory issues, corporate finance, IPOs, and startup financing. M.Sc in Engineering and MBA. Parting the regulatory seas to make way for innovation.
For a full list of the DAOStack team please click here.
Want to know more?
For any questions regarding this update, please refer to our FAQ page.
Thank you for using our service,
The Gatecoin Team
Trading blockchain assets such as bitcoin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade blockchain assets you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with the trading of digital assets, and seek advice from a licensed financial advisor if you have any specific concerns.
Original article was created by: Boris Au Yeung at blog.gatecoin.comDisclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.
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